23-year old Yessica sells products from a catalog, a job that has allowed her to earn enough money to support her 5-month old son. She comments that at times she comes home very tired as she has to walk a long way looking for customers and delivering orders.
Yessica is a hardworking woman who makes a strong effort especially when it comes to completing projects. So that she can fill existing orders, Yessica is seeking a loan to buy beauty and toiletry products as she doesn’t have enough capital of her own to do this.
Yessica de 27 años de edad, se dedica a la venta de productos por catálogo, labor que le ha permitido generar los recursos suficientes para el sostenimiento de su hijo de cinco meses de edad.
Asegura, que su trabajo en ocasiones se vuelva muy pesado debido a que debe caminar por largo tiempo en búsqueda de clientes y entrega de pedidos.
Se caracteriza por ser una mujer trabajadora y esforzada cuando se trata de cumplir sus proyectos y deseos. Con el fin de entregar los pedidos pendientes, Yessica se encuentra solicitando un crédito que invertirá en la compra de productos de belleza y aseo personal, ya que no cuenta con el capital propio para realizar dicha inversión.
This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.